As Bitcoin dumps to hit six-month lows near $37K per BTC popular crypto analyst Nicholas Merten says that Bitcoin is likely to experience a significant price drop [$29,000 to $30,000], but such a sell-off might be the catalyst that finally sends the leading crypto past $100,000.
“We may be on the verge of a pretty harsh correction of over a 20% to 30% decline in Bitcoin’s price.
I believe that we’re still in a bull market, not a bear market… It’s very likely that we could see this correction, but at the same time, it could be the catalyst to finally set ourselves up on the next uptrend and charter towards the $150k range, $200k range for Bitcoin.”
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